In many senses the government, the politicians, the media, our newspapers, our radio stations, our chambers of commerce, our professional sports leagues, our schools, our universities, our court system, Democrats and Republicans alike, defaulted a long time ago.
Judging from the speech Obama gave following the deal to end the government shutdown, Republicans better get wise to the president’s next fiscal gambit when the three-month stop-gap budget and debt measures come due.
Illinois "Progressives" (a single word to describe "economically illiterate public union sympathizers") want to pick your pocket once again. The Progressives want to hike the Illinois 2015 top tax rate from 3.75% to a whopping 9%.
Obamacare was put together by people who don’t understand economics. This is probably the understatement of the year since I could be referring to many features of the bad law.
It’ no longer “politics” in DC. . . Increasingly, it is a game of deception, inside trading, and rigging the system. Jay Richards, author of “Infiltrated”, joined the program to discuss the inside game between DC and Wall Street.
The politically correct forces of liberalism have found a new target, the Washington Redskins. Never mind that the team nickname has an 80 year history, all knowing white liberals believe that the term Redskins is somehow offensive to Native Americans.
This makes me especially sad because, from the beginning of my writing career, I have been very open about the fact that I was once a Democrat.
300 years of history in North America tells us how we climb out of recessions. For some unaccountable reason, however, Obama and the Democrats decided that during this recession they would consult European history instead. Why are we surprised that they got European results too?
The talks and the chemical weapons investigations offer an "exit ramp" for Western nations who are overextended politically in Syria.
Let’s get past the idea that this is a disagreement between two coequal branches of government. The legislative branch that has the power -- particularly the house -- when it comes to spending. So, if the legislative branch disagrees with the executive branch about a matter of spending that’s not a, “Hey, let’s split the difference.”
The wailing and hysteria in Washington is over. The politicians now have the authority to borrow more money and the bureaucrats are all back at work (rested and refreshed after their paid vacation, so they’ll probably tax, spend, and regulate with extra fervor).
In their assessments of Ms. Yellen's long career, Congressman, editors, and academics have underscored how her prescience and caution distinguish her from the reckless overconfidence that have plagued her male colleagues at the Federal Reserve.
Jesse might be a professional polarizer, but he’s an amateur historian, at best. That’s really an understatement. Seriously, the guy’s a joke when it comes to facts.
On the one hand, the US left has something right: The Shutdown was unnecessary. But, let’s face it, most of them have no interest in doing what it would take to avoid another crises (like producing a budget). Charles Payne, Fox News business analyst, also joined the program to discuss the market in depth.
Even though Republicans hold a majority in the House, Speaker John Boehner failed to muster enough votes for two proposals he floated. Is that a sign of ineptitude, weakness, or that the House was hijacked by no-compromise Tea-partiers in a complete fool's mission?
If there was a special award for chutzpah, the easy winner would be the bureaucrats at the International Monetary Fund. These pampered bureaucrats get lavishly compensated and don’t have to pay tax on their bloated salaries.
Apparently the qualifications for becoming an MSNBC anchor consist primarily of being able to ask Republicans the intellectual equivalent of “when did you stop beating your wife?” Which explains how Thomas Roberts got the gig.
Outsized rewards are made possible by the friendly folks of the Federal Reserve Bank. More money supply means higher price earnings ratios for stocks.
The Brotherhood has shown a clear disregard for the importance of economics in internal stability. Its strategy evidently is to impose more hardship on Egyptians in hopes of causing more unrest.
Social Security is the single largest program of the federal government, accounting for more than 20 percent of all federal spending in 2012. Indeed, by some measures, it could be considered the largest government program in the world, providing more than $774 billion in benefits to 58 million recipients last year.
We — including you, dear reader — created the world of Big Government for very good reasons. Now, for very good reasons, we are going to dismantle it.
Tad DeHaven, from Cato, weighs in on the looming default, and Ted Cruz’s plan to defund Obamacare. Not surprising, DeHaven thinks the GOP will cave – but he’s also critical of how the GOP has handled themselves thus far.
I’ve always had a soft spot in my heart for Bill Clinton. In part, that’s because economic freedom increased and the burden of government spending was reduced during his time in office. Partisans can argue whether Clinton actually deserves the credit for these good results, but I’m just happy we got better policy.
What do mythical figures and Obamacare enrollees have in common? (Have you heard this one before?) Well, at least a few people have apparently signed up. . . Good news for any political party that depends on government-dependent citizens (ahem*Democrats*ahem).
To pretend that the decisions, half decisions and the evasions that have been made that finds us so close to default are the responsibility of any one man, any one party or any one class of institution is to ignore reality. They are all at fault.
I think it’s funny when people run out and upgrade on their $7,000 car to buy a $30,000 Prius to save gas. Think about it. That’s an extra expenditure of $23,000 to save gas. Where are you planning on driving, to the moon?
The US Secretary of State promised a non-aggression pact in exchange for North Korean action that shows it has made a start to "denuclearize," whatever that means. What is clear is that the US Secretary of State diluted all past US position on North Korean denuclearization and that North rejected it.
Repeated predictions of the world's oil shortage in coming years simply failed to account for our ability to tap into deeper, more complex seams of energy, buried under the ocean floor or the Arctic tundra. And frankly, the whole discussion is becoming moot.
There are a lot of lessons to be learned from the craziness that’s going on in the market right now. And we’re going to take a look at the facts as they present themselves at the current moment.
It’s probably the largest single force crippling our chances at a recovery, and the US media is largely ignoring it. Obamacare is far more than a botched website market place. . .
There are two things of which we can be sure. Neither the impact of the partial U.S. government shutdown, which didn't even begin until 1 October 2013, nor the potential impact of a U.S. Treasury default on the U.S. national debt that President Obama has planned for 17 October 2013 are responsible for this outcome.
The instructions on becoming a teacher generally read as, “Get your bachelor’s degree, get your certification, pick a focus area, join the union and commence teaching.”
You know what would be really cool? If Obama came up with his own unique way of running our economy into the ground rather ripping off ideas from dead dictators and dead economists and then pretending like he's an original.
The good news is that we can answer that question with just back-of-the-envelope math! And we can do it on a "daily" basis.
Press reported that the so-called Emir of the Islamic State of Iraq and Syria (ISIS) declared the opening of a new Sharia court and police station on Thursday in 'the new Islamic Emirate', Azaz, according to his twitter account.
Drugs do impose costs, but they’re mostly incurred by moronic users. Though there sometimes are collateral victims, such as kids whose parents allow their lives to get messed up.
While Yellen is likely to receive a frosty reception from Republicans, she has a very good chance of garnering the necessary 60 votes needed to achieve Senate confirmation.
The real problem in Washington is that many don’t understand the concept of economic growth. . . Just as importantly: Many don’t understand that it is imperative to economic prosperity including survival of welfare programs.
In Other News: Bi-Partisan Agreement that Debbie Wasserman Schultz is a Horrible Person | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 17th, 2014 | John Ransom
In Other News: State Department Covers Up for Hillary – Asks IRS How to Destroy Hard-Drives | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 15th, 2014 | John Ransom